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Yahoo News - Top Stories
There's still a 'fighting chance' to contain coronavirus but time is running out, world health leader says
(02/21/20 11:08 AM CST)

There's still a 'fighting chance' to contain coronavirus but time is running out, world health leader saysWorld Health Organization leader warns that while the chance to contain the coronavirus still exists, "the window of opportunity is narrowing."

FEC Asks Michael Bloomberg to Clarify Campaign Spending
(02/21/20 11:04 AM CST)

FEC Asks Michael Bloomberg to Clarify Campaign Spending(Bloomberg) -- The Federal Election Commission faulted Michael Bloomberg’s campaign Thursday for the way it reported its spending, including $14 million in pre-payments to his company for campaign expenses.The campaign made an unusual advanced payment in the fourth quarter of 2019 to compensate Bloomberg LP for consultants, the use of the company’s airplane, terminal rentals and other purposes.(Bloomberg is the founder and majority owner of Bloomberg LP, the parent company of Bloomberg News.)The FEC, which oversees compliance with campaign finance law, asked the campaign to clarify the purpose of expenditures the campaign described as “Prepayment of Campaign Expenses.” A campaign is required to indicate what its money is being spent on and identify each recipient of more than $200 in an election cycle.Bloomberg is spending record amounts of his own money on his Democratic presidential campaign. As of Jan. 31, he had spent $409 million on his campaign, more than any other presidential candidate.“We are working with the FEC to ensure they have all the necessary information and will continue to comply with their regulations,” Bloomberg campaign spokesman Julie Wood said.The agency also said that Bloomberg’s out-of-pocket expenditures on behalf of the campaign required itemization. So did payments the campaign described as stipends which, the FEC wrote, appear to be made from petty cash, which cannot exceed $100.The stipends, totaling $9,911.06, covered housing for one campaign staffer and health care for a second.Bloomberg’s in-kind expenditures on behalf of the campaign totaled $66 million, with the largest expense, $58 million, paid to the firm that buys advertising time for his campaign, before he formally became a candidate.The FEC asked Bloomberg’s campaign to respond to the letter, called a request for additional information, by March 26. Generally, committees can file an amended report in response to requests for additional information without further penalties.To contact the reporter on this story: Bill Allison in Washington DC at ballison14@bloomberg.netTo contact the editors responsible for this story: Wendy Benjaminson at, Magan CraneFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

Archaeologists unveil possible shrine to Rome's first king
(02/21/20 10:39 AM CST)

Archaeologists unveil possible shrine to Rome's first kingArchaeologists said on Friday they had discovered an ancient cenotaph that almost certainly commemorated the legendary founder of Rome, Romulus, buried in the heart of the Italian capital. The small chamber containing a simple sarcophagus and round stone block was originally found at the start of the last century beneath the Capitoline Hill inside the old Roman forum. Alfonsina Russo, the head of the Colosseum Archaeological Park, said the site probably dated back to the sixth century BC, and was located in the most ancient part of the city which was directly linked in historical texts to Rome's first king. - Latest News
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